BUS 241 Business Statistics
This course covers the basic concepts and methods of statistical analysis as they apply to the business and economics decision making processes. The course is divided in five parts. The first part is an introduction to the subject. This part includes basic concepts and definitions like variables and scales of measurement. The second part covers topics like collection, interpretation, and graphical presentation of data, measurements of central tendency including the geometric and the trimmed mean and measurements of dispersion including the mean-variance analysis and the Sharpe ratio among others. The third part of the course is about Probability and Probability Distributions. This part includes the Poisson and the Hypergeometric Distributions among others. The fourth part deals with basic inference and it includes topics about sampling and sampling distributions, estimation, and hypothesis testing. The fifth part deals with simple linear regression analysis. Throughout the course emphasis is put on the ethical issues concerning the analysis and report of information. Lecture fours per week.